GoM defer decision on fuel price hike
New
Delhi,
Jan
31:
The
Group
of
Ministers
(GoM)
today
deferred
the
decision
on
the
hike
in
retail
prices
of
fuel
to
the
Cabinet's
next
meeting.
''We have not taken any decision in today's GoM meet and have referred the matter to the Cabinet for a decision,'' Petroleum Minister Murli Deora said. Deora had said recently that a hike in the retail prices of fuel would be minimal and the Empowered Group of Ministers (EGoM) would take a decision.''We will ensure that the price hike is minimal so that the consumers do not complain and the oil marketing companies do not suffer heavy losses,'' Mr Deora had assured.
The EGoM, headed by External Affairs Minister Pranab Mukherjee, had to consider a proposal by the oil marketing companies who reportedly called for an increase of Rs 4 and Rs 2 a litre for petrol and diesel prices respectively.
UNI